Lakeland Industries (NASDAQ:LAKE) Given a $15.00 Price Target at Roth Capital

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Roth Capital set a $15.00 price objective on Lakeland Industries (NASDAQ:LAKE) in a research note issued to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the medical instruments supplier’s stock.

Several other research analysts have also weighed in on the company. ValuEngine raised Lakeland Industries from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Zacks Investment Research raised Lakeland Industries from a strong sell rating to a hold rating in a research report on Wednesday, August 14th.

Lakeland Industries stock traded up $0.13 during trading on Tuesday, reaching $11.46. The company had a trading volume of 48,660 shares, compared to its average volume of 20,911. Lakeland Industries has a 12-month low of $9.70 and a 12-month high of $14.44. The stock’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $11.45. The firm has a market capitalization of $82.94 million, a price-to-earnings ratio of 27.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Monday, September 9th. The medical instruments supplier reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.16. The company had revenue of $27.47 million for the quarter, compared to the consensus estimate of $25.62 million. Lakeland Industries had a negative net margin of 0.88% and a positive return on equity of 1.22%. As a group, research analysts expect that Lakeland Industries will post 0.15 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Equitable Trust Co. raised its position in Lakeland Industries by 6.2% in the second quarter. Equitable Trust Co. now owns 56,449 shares of the medical instruments supplier’s stock worth $632,000 after purchasing an additional 3,300 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of Lakeland Industries by 2.6% in the 2nd quarter. Private Capital Management LLC now owns 731,998 shares of the medical instruments supplier’s stock worth $8,198,000 after buying an additional 18,733 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lakeland Industries by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 316,934 shares of the medical instruments supplier’s stock worth $3,550,000 after buying an additional 10,278 shares in the last quarter. BlackRock Inc. lifted its position in shares of Lakeland Industries by 6.4% during the 2nd quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock worth $539,000 after buying an additional 2,890 shares during the period. Finally, Granite Investment Partners LLC lifted its position in shares of Lakeland Industries by 88.6% during the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock worth $597,000 after buying an additional 23,894 shares during the period. Institutional investors own 60.33% of the company’s stock.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

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